SET at Risk of a Pullback as Asian Stocks Edge Lower
The Thai stock market is at risk of falling on Friday after a decline in other stock markets in Asia as investors are monitoring the U.S. non-farm payroll.
Krungthai Zmico Securities expected SET Index to weaken in today’s session, following the decline in Asia stock markets while investors are monitoring the U.S. non-farm payroll. In the meantime, investors in the Thai stock market are looking ahead to next week’s vaccine rollout and the decision for a border reopening for vaccinated tourists that could push for early effective.
The analyst expected a support range at 1,600-1,607 points and a resistance range at 1,625-1,640 points.
As of 9:37 local time in Thailand on June 4, 2021, Nikkei fell 0.52%, SSEC slipped 0.10%, HSI dipped 0.07%, Kospi dropped 0.60%, while ASX 200 rose 0.14%.
Last Wednesday, SET Index closed at 1,617.55 points, decreased 1.04 points or 0.06% with a trading value of 101 billion baht.
